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In an effort to balance the federal budget, an increase in social security taxes is passed. what is the most likely effect of this on equilibrium gdp?
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In an effort to balance the federal budget, an increase in social security taxes is passed. what is the most likely effect of this on equilibrium gdp?

User Rtviii
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A decrease in consumption and a decrease in GDP is likely to happen. The GDP is known as the gross domestic product. This is a monetary measure of the market value of all final goods and services that are produced over a time period.
User AldoT
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